Daimler is open to supplying Volvo with engines and could even take a small stake in the Swedish automaker, a German business magazine reported, raising the possibility of increased ties between Mercedes and Volvo's Chinese owner, Geely.
AutoNews.com. Thu, 19 Apr 2018 09:24:21 EST. Subscription may be required.
VW, BMW and Daimler welcomed China's decision to allow foreign automakers to own more than 50 percent of local ventures but said the move will not affect their existing partnerships.
AutoNews.com. Tue, 17 Apr 2018 09:51:57 EST. Subscription may be required.
The tie-up is bound to raise the stakes and intensify the race for dominance not only in the car-sharing market, but also with adjacent services such as ride hailing.
By Sarwant Singh, Contributor. Forbes. Thu, 29 Mar 2018 10:02:00 -0400.
FRANKFURT (Reuters) - Germany' Daimler is in a push to boost production capacity as its Mercedes-Benz Cars unit eyes annual sales of 3 million vehicles, up from 2.4 million last year, an executive told weekly publication Automobilwoche.
Reuters. Sat, 17 Mar 2018 11:22:45 -0400.
FRANKFURT (Reuters) - Li Shufu, the founder and main owner of China's Geely [GEELY.UL], has no plans to buy further stakes in carmakers after building up a holding of almost 10 percent in Germany's Daimler , he told a German newspaper.
Reuters. Sat, 03 Mar 2018 18:04:23 -0500.